Wage a war against informality
Does not recognise diversity: There is no such thing as India’s labour market and our states have very different levels of infrastructure, productivity, clustering, skills, urbanisation and costs...
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
Walk into any thriving business, whether a fast-scaling startup or a Fortune 500 company, and you’ll notice one common thread: success depends on people. Hiring the right talent at the right time is no longer just an HR function; it’s...
Know MoreNon-fiscal interventions for formal employment Allow low-wage employees (people with less than Rs 20,000 per month salary) to choose mandatory salary confiscation: Today, low-wage employees only receive 55%...